GBPUSD Daily Forecast: February 24 2016

The GBPUSD continued its bearish momentum yesterday, made a clear break below 1.4080 as you can see on my daily chart below and hit 1.3984 earlier today. The bias remains bearish in nearest term testing 1.3900 – 1.3800 region. Immediate resistance is seen around 1.4080. A clear break above that area could lead price to neutral zone in nearest term testing 1.4155 area but overall I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.